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Adobe Confirms UK Looking Into Its $20b Figma Deal

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The planned purchase of $20 billion by Adobe for Figma is among the biggest deals to buy an independent software development company in history and is being investigated worldwide.

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"Including" by the Competition and Markets Authority in the UK," the software maker has confirmed.

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It anticipates that "the transaction will be reviewed by the EU."

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The agreement is currently in the process of being finalized next year.

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The company assured investors during an earnings call for the full year and Q4 ending on December 2.

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A vector design tool that users collaborate to edit projects. Figma is said to have 4 million active users.

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Adobe offers a rival vector design tool known as "XD," which is currently employed by more than 9,900 businesses.

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Many loyal Figma users have expressed concerns that the program could not remain freemium.

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